The global construction market is forecasted by GlobalData to grow by 1.8% in real terms in 2024, having grown by 1.7% in 2023. While the residential construction market in many countries will decline, this will be offset by high growth in the infrastructure sector, with output rising by 8.3% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Driving growth in the market in 2022 and over the remainder of the decade are a potential 135 mega hydroelectric projects, costing over $100m each. Here are the largest educational building construction projects initiated globally in Q1 2024, according to GlobalData’s construction projects database.
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1. Southern Medical University Changzhou Medical and Health Technology Park
The project involves the construction of a medical and health technology park comprising 18 single buildings in Changzhou, Jiangsu, China.
Construction work started in Q1 2024 and is expected to be completed in Q3 2026.
The project aims to provide the better training and education for healthcare sector in the region.
2. Beaverton High School Redevelopment
The project involves the construction of the 26,941m2, three-story Beaverton High School in Beaverton, Oregon, the US.
Construction work commenced in Q1 2024 and is expected to finish in Q3 2026.
3. Munster Institute Group 1 Physics Building
The project involves the construction of Institute Group 1 Physics Building on a 0.6ha of land with a gross floor area of 14,000m2 between Wilhelm-Klemm-Strasse and Domagkstrasse in Munster, North Rhine-Westphalia, Germany.
Construction work started in Q1 2024 and is forecast to complete in Q1 2027.
The project aims to build an institutional building for a nanophysics department with modern amenities and, the structural conditions for ultra-modern laboratories which will be housed in the institute building. It will enable and physical experiments in the Nano nano range to be carried out that are only possible in vibration-free rooms. Buy the profile here.
4. Douglas College Expansion
The project involves the construction of a 31,401m2, 65m high, 20-story college in British Columbia, Canada.
Construction work commenced in Q1 2024 and is expected to be completed in Q3 2027.
The project aims to provide better college facilities in the region.
5. Okern Secondary School
The project involves the construction of a 17,500m2 secondary school at Okern Square in Oslo, Norway.
Construction work started in Q1 2024 and is expected to be completed in Q3 2027.
Upon completion, it will accommodate 840 pupils from the school and 140 children from kindergarten. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
